BUDGET 2016: Simplification of Carbon Reduction Commitment welcome news for property

16 Mar 2016

Policy area: Sustainability

Melanie Leech, chief executive of the British Property Federation (BPF), comments on the withdrawal of the Carbon Reduction Commitment Energy Efficiency Scheme and its replacement with the Climate Change Levy: “It is very welcome to see a confirmed move towards a simpler kind of energy taxation system, and one that represents a more direct incentive at building level for the owner and the occupier to collaborate on improving energy and carbon performance, and a welcome reduction in accompanying administrative burden."